Gorton Ltd. has 30,000 shares of 10 par value ordinary shares outstanding when it announces a 2-

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Gorton Ltd. has 30,000 shares of £10 par value ordinary shares outstanding when it announces a 2-

for-1 share split. Before the split, the shares had a market price of £120 per share. After the split, how many shares will be outstanding? What will be the approximate market price per share?

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Financial Accounting With International Financial Reporting Standards

ISBN: 9781119787051

5th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Question Posted: Apr 05, 2024 01:25 AM

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Gorton Ltd. has 30,000 shares of 10 par value ordinary shares outstanding when it announces a 2-

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In a share split the number of shares is increased in the same proportion that ...View the full answer

Financial Accounting With International Financial Reporting Standards

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